The Descartes Systems Group (TSE:DSG) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) from a hold rating to a moderate buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, TD Securities raised The Descartes Systems Group to a “strong-buy” rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

The Descartes Systems Group Price Performance

DSG stock opened at C$128.26 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The Descartes Systems Group has a 1 year low of C$110.55 and a 1 year high of C$177.98. The stock’s 50 day moving average price is C$124.93 and its 200 day moving average price is C$136.22. The firm has a market cap of C$11.02 billion, a P/E ratio of 75.89, a PEG ratio of 2.39 and a beta of 0.40.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 EPS for the quarter. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.The business had revenue of C$263.74 million for the quarter. On average, sell-side analysts expect that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).